FL ARCHIVED May 2018 | Page 130

VENICE

Community Information | School District
Trending versus *:
Trending versus *:
Market Profile & Trends Overview
Month
LM
L3M
PYM
LY
YTD
Prior YTD
Prior Year
Median List Price of all Current Listings
$ 1,400,000
-11%
-13%
Average List Price of all Current Listings
$ 1,732,258
-15%
-15%
May Median Sales Price
$ 1,225,000
0 %
-32%
$ 1,347,500
15 %
-25%
May Average Sales Price
$ 1,260,833
0 %
-34%
$ 1,491,875
-15%
-21%
Total Properties Currently for Sale ( Inventory )
19 -14%
12 %
May Number of Properties Sold
3
4
-20%
May Average Days on Market ( Solds )
174
0 %
6 %
154
77 %
-6%
Asking Price per Square Foot ( based on New Listings )
$ 612
-49%
7 %
43 %
20 %
$ 520
16 %
2 %
May Sold Price per Square Foot
$ 487
0 %
-8%
$ 513
-3%
-3%
May Month ' s Supply of Inventory
6.3
0 %
0 %
0 %
-53%
13.2
-0%
-1%
May Sale Price vs List Price Ratio
89.1 %
-. 0 %
-1.7%
89.1 %
-5%
-2%
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2017 ) / YTD = Year-to-date
3 Mo Avg
Property Sales May Property sales were 3 , up from 0 in May of 2017 and higher than the 0 sales last month . May 2018 sales were at their highest level compared to May of 2017 and 2016 . May YTD sales of 4 are running 20.0 % behind last year ' s year-to-date sales of 5 .
4 3 3 2
Number of Properties Sold
3 Mo Avg
2
1
1
Prices The Median Sales Price in May was $ 1,225,000 , up from $ 0 in May of 2017 and up from $ 0 last month . The Average Sales Price in May was $ 1,260,833 , up from $ 0 in May of 2017 and up from $ 0 last month . May 2018 ASP was at the highest level compared to May of 2017 and 2016 .
Inventory & MSI The Total Inventory of Properties available for sale as of May was 19 , down 13.6 % from 22 last month and up 11.8 % from 17 in May of last year . May 2018 Inventory was at its highest level compared with May of 2017 and 2016 .
A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers . The May 2018 MSI of 6.3 months was at its lowest level compared with May of 2017 and 2016 .
0
3 Mo Avg J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M
-1 15 16
17 18
Median Sales Price and Average Sales Price
3 Mo Avg
2,800 2,600 2,400 2,200 2,000 1,800 1,600 1,400 1,200 1,000
30 25
20 30 15 25 10 20 5 15 0 10
5 0
15 15
J 15
J
J
A S O N D
J
F M A M J
J
A S O N D
J
F M A M J
J
A S O N D
J
15
16
17
18
16 16
J
J J
15
15 15
15 15
16 16
Total Inventory & Month ' s Supply of Inventory ( MSI )
17 17
16 16
17
17 17
A S O N D J
16
17 16 16
17 17
13 13
14 14
8 8
7 7
9 9
12 12
13 13
15 15
17
17 18 17 16 17 17
14 13 13 13 14 19 20 24 24
A S O N D J
F M A M J
J
A S O N D J
F M A M J
J
A S O N D J
F M A M
16
17
18
18 17 16
F M A M J
J
A S O N D J
F M A M J
J
A S O N D J
F M A M
17
18
17
17
14 13 13 13 14 19 20 24 24
F M A M 25.0
22 22
19
19
20.0
15.0 25.0
10.0 20.0
5.0 15.0
0.0 10.0
5.0
0.0
0 2 1 0 1 0 1 0 0 0 0 1 0 2 0 2 0 2 1 0 1 3 1 0 2 0 0 1 0 0 1 1 0 0 0 3
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